Alabama

An Atlanta company is partnering with Louis Breland to develop retail at the $300 million Town Madison project along Interstate 565.

Breland Companies said this week it has entered a joint venture with Fuqua Development, the master planner of Town Madison, to focus efforts on two interstate adjacent parcels within the project that are "ripe" for a regional, mixed-use development.

Fuqua Development, owned by Jeff Fuqua and Heather Correa, has overseen several Atlanta projects, including Town Brookhaven, The Prado, Lenox Marketplace and Perimeter Place. The firm is working with Atlanta-based POH Architects to design Town Madison and discussing the site with possible national and local tenants.

"We are taking concepts and ideas from all of our successful projects in Atlanta and tailoring them to this location to build the type mixed-use development that the market is starving for," said owner Jeff Fuqua. "We have a vision for this site that is very exciting and we can't wait to begin the leasing process at this year's ICSC Convention in Las Vegas."

The International Council of Shopping Centers event, a retail real estate convention, will bring more than 30,000 attendees together May 21.

The first phases of mixed-use development will include a 100-acre site at the corner of I-565 and Zierdt Road and 55 acres on Wall Triana where the old Intergraph buildings were torn down.

Town Madison will be home to more than 1 million square feet of retail, restaurant and entertainment options, 700,000 square feet of office space and 700 hotel rooms. Construction of a new interchange to access this site is underway and slated for completion in 2018.

The development is expected to create 1,600 jobs and produce $1.8 million per year in new sales tax dollars to be split between the Huntsville, Madison City and Madison County school systems.

"For years I have seen the potential for this site and how it could change the City of Madison by providing our local schools and governments with millions of dollars in new tax revenues and bring the types of entertainment, shopping, dining and living options people want in our community," Breland said in a statement. "Thanks to real leadership by Mayor Paul Finley, our Madison City Council, Chairman Dale Strong and the County Commission we are now seeing this vision become a reality."